corporation

corporation

a business entity such as a company incorporated under legislation, usually a Companies Act, which can make the shareholders legally responsible only for the profits and debts of the company. That is the shareholders are not personally responsible. It has been held for generations that members of professions could not practice as corporations because they would lose their personal responsibility to their clients. It is becoming more common for this rule to be discarded.

He has worked as a board member with a wide variety of new media and technology companies, including Internet Capital Group, from their earliest stages; many of these have subsequently been acquired to create the building blocks of what are now major and/or publicly quoted companies.

The essence of the proposal is that RTZ and CRA, while continuing as separate, publicly quoted companies, will enter into a sharing agreement which will equalize their dividends, unify management structures and establish common boards of directors for each company.

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